IDAHO INCENTIVES 

Idaho shows an  average deal value of $2.37 million with 116 new jobs created per deal

THE IDAHO BUSINESS ADVANTAGE

Businesses that invest a minimum $500,000 in new facilities and create at least 10 new jobs averaging $40,000 annually, plus benefits may qualify for a variety of incentives.  

Qualifying companies receive:

  • An enhanced Investment Tax Credit of 3.75% up to $750,000 OR 62.5% of tax liability in any one year
  • A new jobs tax credit starting at $1,500 and climbing to $3,000 per job
  • A 2.5% real property improvement tax credit up to $125,000 in any one year along with a 25% rebate on sales tax paid on construction materials for the new facilities
  • Upon request of the company, the respective county commissioners may also authorize a full or partial property tax exemption

TAX REIMBURSEMENT INCENTIVE

Businesses that bring new high-wage jobs to Idaho are eligible to receive up to a 30% refund on sales, payroll, and corporate income taxes for up to 15 years.  Companies must provide wages above the county average, and create at least 50 new jobs in an urban area, or 20 in a rural area.

CAPITAL INVESTMENT PROPERTY TAX INCENTIVES

Property Tax Exemption: Businesses that invest in new manufacturing facilities may receive partial or full property tax exemptions from local county commissioners.  To qualify, a business must invest a minimum of $3 million.

Large Business Property Tax Cap:  Businesses that invest a minimum of $1 billion in capital improvements will receive a property tax exemption on all property in excess of $400 million in value per year.

Large Employer Property Tax Cap:  Businesses that employ at least 1,500 people within an Idaho county may receive a property tax exemption on property values in excess of $800 million.  To qualify, the business must make a yearly capital investment of at least $25 million within that county.

RESEARCH AND DEVELOPMENT TAX CREDIT

Businesses conducting basic and qualified research may earn an income tax credit of 5% that may be carried forward up to fourteen (14) years.

WORKFORCE DEVELOPMENT TRAINING FUND

Cash grants for workforce training expenses are available to companies for positions that are created in groups of five or more and pay at least $12 an hour (up to $2,000 per new job).

LARGE EMPLOYER PROPERTY TAX CAP

Businesses that employ at least 1,500 employees within an Idaho county and make a yearly capital investment of $25 million within that county are eligible to receive property tax exemption on property values in excess of $800 million.

OTHER IDAHO INCENTIVE PROGRAMS

  • Industrial Revenue Bonding
  • Gem Grants
  • Investment Tax Credit
  • Idaho Prime Rate Loan Program